Topic: [BTC-TC] Deprived Mining Speculation (DMS) - page 33. (Read 198958 times)

BTC Balance (BTC-TC)   591.2501794
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    322.40000000
Coinlenders CD 27/9    203.64459670
Just-Dice Balance    153.86136722
TOTAL ASSETS    1,361.86614334
   
Outstanding MINING   187094
Outstanding SELLING   187094
Outstanding PURCHASE   14397
Effective Units   201491
   
Block reward   25
Difficulty   148,819,200
Hashes per MINING   5000000
   
Daily Dividend    0.00001690
50 days (Min Liquid)    0.00084483
100 days (Forced Close)    0.00168966
365 days (Buyback)    0.00616724
405 days (IPO)    0.00684311
400 days (Post SELLING div)    0.00675862
410 days (Pre SELLING div)    0.00692759
   
NAV Post MINING Div    1,358.46163851
NAV/U Post MINING Div    0.00674205
Days Dividend Post Div   399.02
SELLING Dividend    -         
NAV Post SELLING Div    1,358.46163851
NAV/U Post Selling Div    0.00674205

----

BTC Balance (BTC-TC)   587.8449815
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    322.40000000
Coinlenders CD 27/9    203.64459670
Just-Dice Balance    153.86136722
TOTAL ASSETS    1,358.46094544

NAV/U    0.00674204
NAV/U Excluding Ciphermine    0.00514197
Ciphermine per unit    0.16000715
Units per Ciphermine    6.24972084

First part is the usual report, 2nd part is the new status and new pricing for redemptions.

You'll notice a 1 satoshi difference in NAV/U between the two - that's due to the spreadsheet for the normal report working at more than 8 decimal places, so it works as though dividends were paid with a higher precision. 

Great, thanks for the clarification.

It's the number of ciphermine bonds we have for each PURCHASE (or MINING+SELLING).
You're looking at the VALUE of the ciphermine bonds - there's 100 bonds per BTC.  But it's bonds I'm sending not BTC so the number of them is what matters - and my number is the correct one.

For each PURCHASE or MINING/SELLING pair you get .16 of a ciphermine bond, which is WORTH .0016 BTC at face value.

I think this is supposed to be .00160002, otherwise it sounds good to me.

Edit: Received the BTC and CIPHERMINE.B1s, thanks for the quick turnaround.

Ok, will hope for the best. I never held them for too long as I have always felt like Kate keeps making way too many mistakes for me to feel comfortable about it. Now I am stuck with over 2000 of them on a closing exchange... I wonder what "big investor" means for her, but it would take me two months to earn that much money on a regular job in my country...

I expect Ciphermine.B1 to either relist and become liquid or to be bought out.  But possibly not for a while - I'm aware of some discussions about its future (in addition to the public ones) but there's nothing definite yet.

Will do your cashout now - and any others that have come in.

I am glad the CL loan worked out fine. Do you have any opinion on how the Ciphermine bond deal will work out? Is it likely to move onto a different exchange and become liquid?

I've sent you my Sellings and Minings... Thanks!

I just withdrew our Coinlenders CD to the wallet with out LTC-ATF.B1 and Just-Dice cash in:

1CzJY7pVkCqDjUtycHzFgeTTbbWokqYuXo

I'll continue to list those investments in the spreadsheet (so people can verify why that wallet balance is what it is) but our only assets now are BTC and the CIPHERMINE.B1 bonds.  That means anyone who wants to can trade back PURCHASE or pairs of MINING+SELLING.  I corrected the J-D balance down by .001 as a transaction fee was taken out when I withdrew it - so the wallet balance now exactly matches the sum of those 3 entries in the report.

Here's the current asset status :

BTC Balance (BTC-TC)    714.48013888
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    360.61000000
Coinlenders CD 27/9    203.64459670
Just-Dice Balance    153.86136722
TOTAL ASSETS    1,523.30610280

I can now offer redemptions for PURCHASE or pairs of (MINING+SELLING).  I CANNOT redeem unmatched MINING or SELLING.

Here's the relevant numbers:

NAV/U    0.00675889
NAV/U Excluding Ciphermine    0.00515887
Ciphermine per unit    0.16000231
Units per Ciphermine    6.24990987

Note that this is slightly different to the numbers I gave when I originally posted this proposal.  There are two differences:

1. I'll be rebuying at 100% of the cash part not 99%.
2. In my earlier post on the topic I'd used 36031 as the number of bonds when it's actually 36061.

If you send X PURCHASE (or X MINING + SELLING) then you will receive the following:

X * NAV/U Excluding Ciphermine (0.00515887)
X * Ciphermine per unit    (0.16000231) rounded DOWN

I've also shown the Units per Ciphermine (6.24990987) so you can easily see what the optimal quantities to send are - multiples of 625 mean you take no loss basically.  You can play around with those numbers and work out what's best for you - if you actually believe that degree of effort is warranted to save at most .01 BTC (by redeeming fairly optimal amounts then selling the rest into the market).

I'll accept any number of redemptions per person of 500+ PURCHASE (or pairs) and ONE redemption per person for amounts below that.

So even the smallest investments can be redeemed - but I'm not going to spend my time doing lots of tiny redemptions for people trying to arbitrage to make dust-sized profits.

Redemptions will be manual - and done occasionally.  The rates above only apply for transfers received before today's dividend - the cash portion will obviously drop after that by the amount of the dividend (as NAV/U will fall by exactly the dividend amount).

PURCHASE AND/OR pairs of MINING/SELLING should be sent to the usual account - DeprivedMining.

Obviously only send if you would prefer to cash out now than wait for a likely move to a new exchange.

Transfer has until 30th October - though obviously sooner would be better.  From 7th-30th October (if we haven't moved by then) the shares would still be on BTC-TC and dividends could be paid there still.

Details of how to transfer can't be provided until I know for sure where we're going.  My hope is that an import can be done direct from the list of emails - as was done for securities that migrated to BTC-TC and Bitfunder from GLBSE.  The securities asking for usernames on Bitfunder etc are ones that already have a listing there - so are going to manually transfer shares in themself.

If I read the banner message from Burnside correctly, all trading will cease October 7th and the websites will go offline around the end of October.  So there are two-three weeks to get coins, etc. straightened out among all the players.

Hey deprived, are you planning on collecting the addresses for those who own shares of what and paying dividends once btct goes offline? Or is everything halted until that point in time.

If we don't plan on taking the ciphermine out, how do we ensure that our shares are transferred to wherever this security goes next? This activity has to be done by the October 7th deadline, right?

When I have a solid NAV/U at which I can sell and redeem them - meaning when we have the cash back from the Coinlenders CD (Hopefully tomorrow) and when we know with confidence what is happening with CIPHERMINE.B1.

It's possible it could be before we relocate - but I'm not really that keen on selling more PURCHASE until after a move (but would have to do so if I reopened it to do buybacks/allow trades - or other people would sell even higher to people who weren't paying attention).

No more PURCHASE are being sold at the moment because of the BTC-TC closure.

Not until a new exchange has been found. Read the discussion over the last few pages.

When will you unlock PURCHASE?

All dividends went through fast.  Final balance matched what spreadsheet predicted to 4 decimal places so we're all good.  SELLING has been unlocked for trading again.

All dividends are now scheduled for immediate payment.  Here's the report - very slightly higher SELLING dividend than I posted last night because I updated the Coinlenders CD value.  That CD matures tomorrow - at which point I'll withdraw it to my wallet and will then be able to start offering redemptions of 100% of (NAV/U - value of CIPHERMINE.B1) plus CIPHERMINE.B1 bonds for those who want to cash out immediately.

BTC Balance (BTC-TC)    1,127.67689518
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    360.61000000
Coinlenders CD 27/9    203.58231378
Just-Dice Balance    153.86146722
TOTAL ASSETS    1,936.44067618
   
Outstanding MINING   210981
Outstanding SELLING   210981
Outstanding PURCHASE   14397
Effective Units   225378
   
Block reward   25
Difficulty   148,819,200
Hashes per MINING   5000000
   
Daily Dividend    0.00001690
50 days (Min Liquid)    0.00084483
100 days (Forced Close)    0.00168966
365 days (Buyback)    0.00616724
405 days (IPO)    0.00684311
400 days (Post SELLING div)    0.00675862
410 days (Pre SELLING div)    0.00692759
   
NAV Post MINING Div    1,932.63256321
NAV/U Post MINING Div    0.00857507
Days Dividend Post Div   507.50
SELLING Dividend    0.00181645
NAV Post SELLING Div    1,523.24518627
NAV/U Post Selling Div    0.00675862

EDIT: Will unlock SELLING again once the dividends have gone through.

Just kidding <3

Not a hangover - was out working and it took longer than expected (thought I'd be home about 2-3 hours back).  Dividends will go out shortly - SELLING orderbook will be reset as is usual.